About this role:
Wells Fargo is seeking a Senior Lead Compliance Officer in Corporate Risk as part of Commercial Banking Compliance. Learn more about the career areas and business divisions at wellsfargojobs.com . As the Senior Lead Compliance Officer, you will be responsible for the Bank Holding Company Act (BHCA), Merchant Banking Authority (MBA), and Permissible Investments Compliance which includes serving as the Enterprise Compliance Officer for the aforementioned bank regulations. Additionally, you will provide Business Aligned Compliance Officer coverage of assigned business(es) within Commercial Banking Products Group and Client Strategy & Capital Management that also rely on the BHCA, MBA, or other permissible investment authority regulations.
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In this role, you will:
- Maintain the enterprise Permissible Investments Policy and assess Major Compliance Requirements for applicable regulations
- Conduct review of controls, procedures, monitoring activities and associated Compliance Program administrative routines, including Governance & Oversight, Policy exception and potential violation monitoring
- Be responsible for execution of the Compliance Program involving risk identification and assessment, program support/advisory services, and other Compliance program functional requirements including Risk and Control Self-Assessment routines, new business initiatives and product assessment
- Oversee the Front Line's execution and challenge appropriately on compliance related decisions
- Work with complex business units, rules and regulations on moderate to high-risk compliance matters
- Monitor and independently challenge the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
- Provide direction to the business on developing corrective action plans and effectively managing regulatory change
- Provide regulatory compliance risk expertise and consulting for projects and initiatives with high risk over multiple business lines
- Identify and recommend opportunities for process improvement and risk control development
- Interpret policies, procedures, and compliance requirements
- Participate in Communities of Practice
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
- Interface with Audit, Legal, and other stakeholders on risk related topics
- 7+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 5+ years of commercial lending and investment experience
- Knowledge and understanding of regulatory compliance requirements surrounding Bank Holding Company Act (BHCA), Merchant Banking Authority (MBA), and Permissible Investments
- Experience supporting Risk and Control Self-Assessment (RCSA) activities
- Experience implementing compliance programs or processes
- Demonstrated ability to influence, partner, and negotiate with multiple stakeholders to gain commitment and accomplish goals in a fast-paced environment
- Excellent verbal, written, and interpersonal communication skills, including the ability to articulate complex concepts in a clear manner across all levels of the organization
- A master's degree, Juris Doctor (JD), Certified Regulatory Compliance Manager (CRCM) or equivalent professional designation
- Ability to travel up to 5% of the time
- Willingness to work on-site at stated location on the job posting
- This position currently offers a hybrid work schedule
- This position is not eligible for VISA sponsorship
- This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$144,400.00 - $300,000.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
2 Oct 2024
* Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.